Short Opportunity -
There is a lot of influence of an international market on the Indian stock market. So, it is expected to go down. As you can see the stock moved down by 7% in a single day. It had the strong support of Rs. 457.30 since November 2021. On day timeframe there is peanut formed, but TATA MOTORS crossed this pattern from downside, which was the strong support & this stock closes below this level.
As the VWAP is a downside and the MA headed to the downside it is indicating that there is more bearish movement expected.
There might be a gap-down opening expected. If not, then wait for the first candle to close and then entered.
If this stock opens between the gap which has maintained on previs trading day, then wait to identify market move and only then enter.
There is a lot of influence of an international market on the Indian stock market. So, it is expected to go down. As you can see the stock moved down by 7% in a single day. It had the strong support of Rs. 457.30 since November 2021. On day timeframe there is peanut formed, but TATA MOTORS crossed this pattern from downside, which was the strong support & this stock closes below this level.
As the VWAP is a downside and the MA headed to the downside it is indicating that there is more bearish movement expected.
There might be a gap-down opening expected. If not, then wait for the first candle to close and then entered.
If this stock opens between the gap which has maintained on previs trading day, then wait to identify market move and only then enter.
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